PEPE Resumes a Horizontal Pattern as It Ascends Upward

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PEPE Is in a Range as It Resumes a Horizontal Pattern to Ascend Upward – June 27, 2023

PEPE/USD gains have paused below the $0.0000018000 barrier level as it resumes a horizontal pattern to ascend upward. The cryptocurrency asset is currently trading inside a range that is above the moving average lines but below the previous high. In a nutshell, the altcoin’s price ranges from $0.0000015000 to $0.0000018000.

The price movement has been static as a result of the existence of Doji candlesticks.

Pepe Price Statistics Data:
•Pepe price now – $0.000001619
•Pepe market cap – $634M
•Pepe circulating supply – 391,790,000,000,000 PEPE
•Pepe total supply – $679,091,897
•Pepe Coinmarketcap ranking – #65#65

Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000
Support Levels: $0.0000011000, $0.0000010000, $0.0000009000

PEPE has resumed a horizontal pattern following the recent price bounce. The cryptocurrency is trading in a narrow range. The altcoin has been trading in a constrained range as a result of the small body uncertain candlesticks.The price of the cryptocurrency fluctuates between $0.0000015000 and $0.0000018000.

On the plus side, if buyers can break through the resistance levels of $0.0000018000 and $0.0000020000, the cryptocurrency will restart its upward trend. On May 13, the PEPE reached a high of $0.0000020000 but was repelled. The repulsion caused the altcoin’s slide to resume. On the downside, if the bears’ breach below the $0.0000015000 support, the crypto currency may restart its slump.

Meanwhile, the altcoin is capable of additional higher movement because it is above Relative Strength Index level 64 for period 14. Nevertheless, the development of Doji candlesticks has further limited the upward movement of PEPE/USD.

PEPE/USD – 4 Hour Chart

The cryptocurrency’s price is now bouncing below the resistance level as it resumes a horizontal pattern to ascend upward. The Doji candlesticks represent buyer and seller uncertainty. PEPE will resume positive momentum if it rises above the present support level. The associated bullish momentum will ascend to previous highs.

Pepe Alternatives

The cryptocurrency asset has continued to consolidate above the moving average lines while remaining below the resistance level. Analysts believe that consolidation below the resistance level improves the possibility of a breakout. A breakout will send the altcoin back up to its previous high of $0.000004500.

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Wall Street Memes – Next Big Crypto